Merida's bike exports grow as order numbers increase
TAIPEI, Taiwan - Taiwanese bike manufacturer, Merida, increased its bike shipments in May by 25.31% as the consumer interest in bicycles grows in countries coming out of corona-lockdowns.
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UK's Bicycle Association urges e-bike subsidies
CAMBRIDGE, United Kingdom - The Bicycle Association is pressing the British government to urgently stimulate the e-bike market by addressing two main areas of concern: the cost barrier and the awareness barrier.
Industry confidence rising rapidly as sales are booming
DOETINCHEM, the Netherlands - Media reports on massive consumer demand for bicycles and e-bikes in combination with a rapidly number of orders gives the industry full confidence for the future. This is in full contrast with the outlook only a few months ago at the start of the corona lockdown.
Dutch bike sharing venture Swapfiets doubles number of customers in...
AMSTERDAM, the Netherlands - Swapfiets, the Dutch bicycle concept known for its recognisable blue front-tired rental bikes and e-bikes, has reached a new milestone of 200,000 customers in four countries, doubling the number of customers in a year. Popularity outside of the Netherlands is driving the accelerated growth.
Corona brings extraordinary sales growth in US
PORT WASHINGTON, USA - The extraordinary growth trend for US cycling sales that began in March accelerated even further in April. Retail sales for traditional bicycles, indoor bikes, parts, helmets, and other accessories expanded a combined 75% to USD $1 billion (885 million euro) in April compared to last year.
Indian parts suppliers keen on easing supply-chain in Europe and...
NEW DELHI, India - The outbreak of Covid19 in China and later across the world as a global pandemic, created supply chain disruption in the global bicycle industry. Assemblers and distributors invested millions and years to build factories and a full supplier network in China, which has suddenly become vulnerable.
Dutch Dynamo Retail Group reports 36.4% sales increase in May
AMERSFOORT, the Netherlands - The largest bicycle dealer cooperative in the Netherlands, Dynamo Retail Group has reported strong sales figures in May just like in April. Spurred on by an increase in cycling since the corona pandemic, the group has reported an increase in turnover of 36.4% in May.
Bike bonus boosts Italian sales
MILAN, Italy - The 500 euro bonus scheme to purchase a new bicycle provided by the Italian government as part of the corona measures has attracted many people to the shops. The Italian industry organization, Confindustria ANCMA, reports a boost in sales since the shops reopened in early May.
Giant starts production at Hungarian factory as European sales rise
TAIPEI, Taiwan - Taiwanese bicycle manufacturers are reporting a rebound in sales in overseas markets since some countries began easing their COVID-19 lockdown measures. Giant and Merida have both announced increased sales, with the former announcing that the long-awaited plant in Hungary will soon open to help meet demand.
Will the UK's coronavirus bicycle boom last?
LONDON, England - Since Covid-19 took hold, there has been a surge in budget priced bike sales and bike repairs in the UK. Whilst major chains like Halfords and Evans closed at the start of the outbreak when lockdown was declared by the UK government on 23rd March, cycle shops were soon declared 'essential' and allowed to open. What effect has this had on the market?
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